LST
Last updated 17 October 2026Last verified 17 October 2026
What is an LST (Liquid Staking Token)?
Liquid Staking Token. A token representing staked ETH (or SOL, etc.) that remains transferable and usable in DeFi while continuing to earn staking yield. Solves the illiquidity problem of native staking, at the cost of adding smart-contract risk and a dependency on the liquid staking protocol maintaining its peg to the underlying asset.
TradFi equivalentA negotiable receipt for a locked position, with no debtor behind it. The receipt trades, and it can trade below what it represents, because the underlying can only be exited through the network's withdrawal queue.